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Posted On: 09/16/2019 1:34:58 PM
Post# of 40991
"Where'd the money go?"
That's how self-enrichment schemes work. Money generated doesn't go to the business operations, it goes into the pocket of the CEO. What pays for the business operations? Toxic loans that shareholders foot the bill for.
Shareholders pay for business expenses, the CEO stuffs his pockets, shareholders are left with a bloated, illiquid shell when all is said is done. That is literally proofed by Berman taking on those 25 million preferred. He has structured this to self-enrichment specifications. There's no other explanation, which, as you pointed out, is why he offers none and hopes no one will notice.
That's how self-enrichment schemes work. Money generated doesn't go to the business operations, it goes into the pocket of the CEO. What pays for the business operations? Toxic loans that shareholders foot the bill for.
Shareholders pay for business expenses, the CEO stuffs his pockets, shareholders are left with a bloated, illiquid shell when all is said is done. That is literally proofed by Berman taking on those 25 million preferred. He has structured this to self-enrichment specifications. There's no other explanation, which, as you pointed out, is why he offers none and hopes no one will notice.
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